Market Overview for Secret/Bitcoin (SCRTBTC) on 2026-01-19

Summary
• SCRTBTC formed a bullish engulfing pattern early in the session amid rising volume and strong price expansion.
• Price surged past 1.6e-06 and broke above the 20-period moving average, signaling renewed short-term momentum.
• RSI surged into overbought territory, while Bollinger Bands widened, indicating increased volatility and potential for a pullback.
• Notional turnover spiked during the 06:00–07:30 ET window, coinciding with a price high of 2.02e-06 and heavy buying pressure.
• Daily chart shows SCRTBTC trading above the 50-period and 200-period moving averages, suggesting a stronger medium-term bias.

At 12:00 ET the prior day, SCRTBTC opened at 1.54e-06 and traded as low as 1.39e-06 before surging to a high of 2.02e-06. The 24-hour session closed at 1.92e-06, with total volume of 1.28 million contracts and a notional turnover of 2.03 BTC.

Structure & Formations

The price of SCRTBTC displayed a strong bullish reversal during the early morning hours, marked by a large bullish engulfing pattern between 05:45 and 06:00 ET. This followed a consolidation phase where price had tested and rejected support at 1.7e-06. A clear break above 1.6e-06 acted as a trigger for momentum traders, extending gains toward 2.02e-06.

Moving Averages

On the 5-minute chart, price closed above the 20- and 50-period moving averages, confirming the strength of the recent rally. On the daily chart, SCRTBTC remains above both the 50-period and 200-period moving averages, indicating a continuation of a longer-term uptrend.

MACD & RSI

The MACD turned positive during the early morning surge and remained above the signal line, suggesting ongoing momentum. RSI reached overbought territory (above 70) after the 06:30 ET high, signaling caution for near-term continuation. However, the divergence between RSI and price in the latter part of the session suggests a potential pause or consolidation ahead.

Bollinger Bands

Bollinger Bands expanded sharply during the morning high, with price reaching +2.5 standard deviations above the midline at the peak. This indicates high volatility and suggests that a pullback or sideways movement may occur in the near term as the bands contract.

Volume & Turnover

Volume spiked significantly in the 06:00–07:30 ET window, particularly around the 2.02e-06 high. Notional turnover surged to 0.333 BTC at 06:00 ET and remained elevated for the remainder of the session, supporting the validity of the breakout. Price and turnover were in strong alignment during the move from 1.8e-06 to 2.02e-06.

Fibonacci Retracements

On the 5-minute chart, the key 61.8% Fibonacci retracement level at 1.67e-06 was cleared with ease, reinforcing the strength of the bullish move. On the daily chart, the 38.2% retracement level at 1.58e-06 held as support before the price broke higher, validating the uptrend.

The next 24 hours may see SCRTBTC consolidate between 1.86e-06 and 1.96e-06 as the overbought RSI and expanding Bollinger Bands suggest a potential pause. Traders should watch for a retest of 1.9e-06 and potential break above 2.05e-06, though a reversal below 1.84e-06 could signal a short-term correction. As always, unexpected macro or exchange liquidity shifts could disrupt the current price path.